(d)

under a section titled ‘What are the risks and what could I get in return?’, a short description of the risk-reward profile comprising the following elements: a summary risk indicator, supplemented by a narrative explanation of that indicator, its main limitations and a narrative explanation of the risks which are materially relevant to the PEPP and which are not adequately captured by the summary risk indicator; the possible maximum loss of invested capital, including, information on: whether the PEPP saver can lose all invested capital, or whether the PEPP saver bears the risk of incurring additional financial commitments or obligations; appropriate performance scenarios and the assumptions on which they are based; where applicable, conditions for returns to PEPP savers or built-in performance caps; a statement that the tax law of the PEPP saver’s Member State of residence may have an impact on the actual payout;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.